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2022
Flag → Flag
Exports $516kRnk 179 / 210
2022
Flag → Flag
Top Product $297kMalt Extract
2022
Flag → Flag
Exports $105kRnk 43 / 95
2022
Flag → Flag
Top Product $40.1kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$462CURRENT US$
Rnk 183 / 186
2012-2022
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GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186

About

Ireland-Somalia Trade: In 2022, Ireland exported $516k to Somalia. The main products that Ireland exported to Somalia were Malt Extract ($297k), Pesticides ($110k), and Excavation Machinery ($61.8k). Over the past 5 years the exports of Ireland to Somalia have decreased at an annualized rate of 31.5%, from $3.42M in 2017 to $516k in 2022.

In 2022, Ireland did not export any services to Somalia.

Somalia-Ireland Trade: In 2022, Somalia exported $105k to Ireland. The main products that Somalia exported to Ireland were Other Oily Seeds ($40.1k), Essential Oils ($38.3k), and Electric Motors ($10.5k). Over the past 5 years the exports of Somalia to Ireland have increased at an annualized rate of 99%,  from $3.38k in 2017 to $105k in 2022.

In 2022, Somalia did not export any services to Ireland.

Comparison In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27),  and 31 in total exports ($236B). That same year, Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Ireland exported €N/A and imported €N/A from Somalia, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Somalia were . In N/A the top imports of Ireland from Somalia were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Somalia was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports  from Somalia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Somalia and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Somalia and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $516k to Somalia. The main products exported from Ireland to Somalia were Malt Extract ($297k), Pesticides ($110k), and Excavation Machinery ($61.8k). During the last 5 years the exports of Ireland to Somalia have decreased at an annualized rate of 31.5%, from $3.42M in 2017 to $516k in 2022.

In 2017, Somalia exported $105k to Ireland. The main products exported from Somalia to Ireland were Other Oily Seeds ($40.1k), Essential Oils ($38.3k), and Electric Motors ($10.5k). During the last 5 years the exports of Somalia to Ireland have increased at an annualized rate of 99%, from $3.38k in 2022 to $105k in 2017.

Exports from Ireland (Flag) to Somalia (Flag) (2022)

Exports from Somalia (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Somalia
Top DestinationUnited Arab Emirates$283M

This map shows whether countries import more from Ireland or Somalia. Each country is colored based on the difference in imports they receive from Ireland and Somalia or the difference in the growth in imports.

In 2022, countries that imported more from Ireland than Somalia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Somalia than Ireland included Oman ($173M).

Difference in imports from Somalia (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Somalia

Flow
Scale

This chart compares trade between Ireland and Somalia by product, considering products traded by both, Ireland and Somalia.

During 2022, Ireland had a large net trade with Somalia in the exports of Foodstuffs ($297k), Chemical Products ($110k), and Machines ($84.6k).

During 2017, Somalia had a large net trade with Ireland in the exports of Vegetable Products ($40.2k), Chemical Products ($38.5k), and Machines ($23.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Somalia+$240kMalt Extract
Top Product Potential Somalia Ireland+$56.9kEssential Oils

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ireland and Somalia. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Somalia. Similarly, a dot/product with the flag of Somalia indicates it has a comparative advantage over Ireland.

Product Space of Ireland (Flag) and Somalia (Flag) (2022)

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